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THE REAL COST OF EMPLOYEE CHURN

TR Recruiter delivering a 400% ROI should be good enough. But we dont think so. It also strengthens D&I credentials, but thats still not good enough. Read on to find out more<br>

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THE REAL COST OF EMPLOYEE CHURN

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  1. THE REAL COST OF EMPLOYEE CHURN

  2. TR Recruiter delivering a 400% ROI should be good enough. But we dont think so.It also strengthens D&I credentials, but thats still not good enough. Read on to findout more

  3. High Employee Churn Pre covid, staff turnover was running at 14% annually, which according to PVC was costing British business around £43b each year.    According to Oxford Economics and Unum, the average cost of losing an employee earning £25,000 or more, is £30,614.  At this rate a business large enough to employ in-house HR, say 40 employees, will need to replace 5 of their personnel each year, at a cost of £153,000 just to stay still. 

  4. Diversity & Inclusion Every employer know that discrimination at recruitment is illegal, every recruiter knows that Unconscious Bias exists and impacts upon the quality of the selection process.  The only 2 methods currently available to recruiters to counter unconscious bias is name blind CV’s and more training.  Tell that too your board, or the board of  a major  contractor whose business you are trying to win, and they will laugh in your face.

  5. Time To Fill What about cutting your Time To Fill.  The use of job boards has improved the depth and breadth of the talent pool from which to recruit, so in theory improves your chances when recruiting.  What has happened is that it has increased the workload of your recruitment team  who now have to sift through more CV’s in order to make the right selection.  More work means it takes longer to fill that vacancy, on average 41 days.  Arguably the biggest bottleneck is the process of selecting the interview candidates from the applicants.

  6. Conclusion So a system that can provably eradicate unconscious bias at recruitment and that improves your diversity and inclusion credentials, cuts your Time To Fill by up to 70% and delivers a 400% return on cost/investment has got to be good enough, hasn’t it. We think so. But you don’t have to take our word for it. We are currently offering qualifying companies a no obligation 30 day free trial. With some other companies that means that when you sign up you get your first month free, but……. not with us.   You can try the TR Recruiter free for 30 days, if you don’t like it then walk away.

  7. www.talent-recognition.com Tel: +44(0) 122 390 1260 info@talent-recognition.com

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